Helena Real Estate Trends

No question about it, it’s a buyers market. Thankfully the real estate market for Helena and surrounding townships has not been hit quite as hard as the rest of the United States. However, there have been clear signs of a slower market due mainly (though not all inclusively) to the lenders re-organization in response to the economic struggle. As a result, it has forced many sellers to reduce the asking price of their homes in order to satisfy the buyers (and lenders) loan qualification limitations. Even though it is now more challenging to qualify for a mortgage loan, there’s still a multitude of loan programs that fit nearly every potential buyer’s needs and/or situation.

As for the sellers out there, if you have a home and you are ready to place it on the market, don’t be intimidated! Mortgage rates are still lower then ever and if you find the right Realtor that has studied the market, is dedicated to advertising, has years of negotiation skills, will stage your home to stand out and is willing to invest the time and energy in your sale, then it will sell!

I have gathered information from the Helena Multiple Listing Service (http://www.mlshomefinders.com/index.php?page_id=207). They update the Helena area real estate market statistics on a monthly basis. The data does not include condos or mobiles. Areas are defined as: Jefferson City; West - Continental Divide to North

Hills; North - Canyon Ferry Lake to Jefferson City. The information is deemed reliable but not guaranteed.

Below you will find several links on my website. I have taken the liberty of consolidating the monthly information and analyzing the data into a more effective tool to identify trends in our local market. Early in its infancy, it is not possible to come to any definitive conclusion, however, it will eventually help us to better understand where we have been, where we are, and where we will be going in the future with respect to our local area real estate market. I hope you find this to be useful.

CY 2010 QUARTERLY BREAKDOWN

HELENA REAL ESTATE GRAPH FOR 2010

HELENA REAL ESTATE GRAPH FOR 2011

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